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Investment Analysis Clubs / Macro Economic Trends and Risks


Subject:  Re: Swiss banking secrecy caving in Date:  10/4/2008  9:50 AM
Author:  washcomp Number:  257540 of 536930

This is the reason that I request a 1099 on my Swiss bank account and pay my pounce (actually at Swiss interest rates .1 ounce) of flesh to the IRS.

The only thing that I can think of that would change things is if the US started to look like it would restrict the transfer of money abroad, it would cause me to, in fac, transfer everything (shortly followed by yours truly) abroad. That single action would be interpeted by me as a direct attack by my country on my interests and force me to re-prioritize my relationship with it.

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